Here is your look at the most recent data for the entire Portland area (December 2019) and how Lake Oswego fits in to this picture just below.
Inventory dropped a bit in December, but this is to be expected at the holidays. By the same token New Listings and Pending Sales took some steep dives from November, but all numbers are up from last year to varying degrees. Year-end Average and Median Sales Prices were up modestly from 2018. Neighborhoods are broken out below.
According to the RMLS Market Action Report for the Portland Metro Area, December, 2019:
- There were 1,270 New Listings in December 2019 which was up 1.2% from December of 2018’s 1,255, and dropped 40.0% from the previous month/November’s 2,118. (Pssst…holidays.)
- At 2,213, December 2019’s Closed Sales were up 19.9% over December 2018’s 1,846, and also up 1.0% from the previous month/November 2019’s total of 2,191.
- At 1,772, December 2019’s Pending Sales rose 10.8% over December 2018’s 1,599, and fell 22.1% from the previous month/November 2019’s total of 2,274.
- The Average Sale Price in December 2019 of $457,700 up $19,100 from last year/December 2018’s $438,600, and down $4,900 from the previous month/November 2019’s $462,600.
- Year-to-Date for End-2019 is $459,200
- Year-to-Date for End-2018 WAS $452,400
- The “Median” Sale Price (the price smack dab in the middle of all sales) in December 2019 of $405,000 was up from last year/December 2018’s $390,000 by $15,000, and down $10,000 from the previous month/November 2019’s $415,000.
- Year-to-Date for End-2019 is $410,000
- Year-to-Date for End-2018 WAS $400,000
Neighborhoods: December’s Average Sale Price + 12-month Appreciation:
- North Portland: $440,200 0.1% (Nov $453,100)
- YTD Median: $409,000
- NE Portland: $460,800 1.8% (Nov $466,000)
- YTD Median: $425,000
- SE Portland: $409,000 1.7% (Nov $422,200)
- YTD Median: $375,000
- Gresham/Troutdale: $370,100 4.8% (Nov $380,800)
- YTD Median: $350,300
- Milwaukie/Clackamas: $441,300 3.0% (Nov $450,000)
- YTD Median: $419,000
- Oregon City/Canby: $446,500 4.1% (Nov $437,900)
- YTD Median: $415,000
- Lake Oswego/West Linn:$732,400 2.6% (Nov $718,200)
- YTD Median: $590,000
- West Portland: $614,300 -2.2% (Nov $608,900)
- YTD Median: $525,000
- NW Wash County: $522,600 -0.8% (Nov$512,000)
- YTD Median: $511,000
- Beaverton/Aloha: $385,000 3.3% (Nov$410,800)
- YTD Median: $390,000
- Tigard/Wilsonville: $438,900 0.5% (Nov $463,100)
- YTD Median: $439,900
- Hillsboro/Forest Grove: $420,400 4.9% (Nov $411,700)
- YTD Median: $385,000
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of December 2019 reported:
-
- 223 Active Listings (Nov 287)
- 50 New Listings (Nov 85)
- 70 Pending Sales (Nov 97)
- 107 Closed Sales (Nov 126)
- Average Sale Price for December: $732,400 (Nov $718,200)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
- 109 Average Days on the Market (Nov 101)